output freeze

Global attention in oil and gas community will shift to Doha, capital of the State of Qatar, venue of today’s crucial oil-producing countries ministerial meeting conveyed to seek remedy to the lingering decline in the price of crude oil in the international market. Members of the exporters'...

Crude futures rose on Wednesday as hopes for an agreement among exporters to freeze output underpinned the market, although persistent global oversupply and Iran's plans to boost production pressured physical oil prices. Oil futures recovered from one-month lows to end the previous session up...